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General

Italian state lender ready to increase Telecom Italia stake

Friday 15 February 2019 | 09:07 CET | News

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Italian state lender CDP announced that its board has approved the acquisition of more shares in Telecom Italia (TIM) on top of the 5 percent it already owns. CDP first acquired a stake in TIM for strategic reasons back in April 2018 and played a key role in helping activist fund Elliott Management take control of the company's board from leading shareholder Vivendi. In a statement, the state lender said the new investment is "the logical continuity of the strategic objectives underlying the entry into the capital of TIM… in April 2018" and a move "consistent with the institutional mission of

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Categories: General
Companies: Open Fiber / Telecom Italia / TIM / Vivendi
Countries: Italy
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